[3] The student lending market currently is marked by a lack of consumer protections or loan modification options for borrowers who are struggling with their debt or who may not have a clear understanding of
the best repayment options available to them.
Not exact matches
If you took out federal student loans rather than private student loans, then you've set yourself up nicely
to have the
best repayment options available.
Federal student loans are the clear winner here — they are
available, have interest rates that are
better geared
to college students who are new
to credit, a six - month grace period and deferment
options, flexible
repayment options, and other benefits and protections.
Students who borrow from the federal government have a wide variety of
options available to them when it comes time
to repay; in fact, one part of the StudentAid website is dedicated solely
to outlining payment plans and explaining
to borrowers how
to choose a
repayment plan that
best fits their needs.
You are paying them
to help you decide what the
best repayment strategy are, and which forgiveness
options are
available for YOUR student loan debt, then
to manage and process the paperwork on your behalf, on time, and in the correct order.
We work with a lot of different lenders
to provide the
best rates and
repayment options available.
There are a variety of
repayment options available, and your servicer will use information about your job, your income, and the amount you borrowed in federal education loans
to help you find the
repayment plan that works
best for you.
So today, learn how
to keep your debt from getting worse by managing your money
better and looking at the different
repayment options available to you.
The lowest advertised rate is usually
available to those borrowers with the
best credit scores and who also select the shortest
repayment term (which may not be a viable
option for you).
They'll be able
to educate you on the
options available so you can make the
best repayment decision for your situation.
It's a
good cautionary tale about racking up too much debt, and a chance for the reader
to consider the various student loan
repayment and consolidation
options available to graduates.